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Kuwait Finance House-Bahrain (KFH-Bahrain) played a major role in arranging a five-year, $140 million syndicated Ijara facility for the government's investment arm Bahrain Mumtalakat Holding Company.
The bank was the sole lead arranger and underwriter for the transaction acting alongside the Liquidity Management Centre (LMC).
Despite difficult market conditions, the transaction was extremely well received in the market and raised significant interest from regional and international institutional investors and was oversubscribed at the close, demonstrating the strength of both KFH-Bahrain and LMC to arrange such transactions.
Mumtalakat CEO Talal Al Zain praised KFH-Bahrain and LMC in closing the deal.
And Abdulhakeem Alkhayyat, managing director and CEO of KFH-Bahrain, said: "Despite the global financial crisis and economic downturn, and the ensuing impact on the GCC region during the year, this successful syndication attests to the strong endorsement of our brand, and the leading role KFH-Bahrain is playing in supporting the growth of key economic sectors in the kingdom and our commitment to provide world-class Shari'a compliant solutions for our customers."
